The US plans to impose tariffs on up to $60bn in Chinese goods and limit the country’s investment in the US in retaliation for years of alleged intellectual property theft (such as my book which is sold in China, yet I have never received a penny in royalties). But it is more about inequality in tariffs where China has higher tariffs on US imports than the US has on Chinese imports.
As Dr. Hannibal Lecter once uttered, “Quid pro quo.”
Financials and Industrials led the way down.
The VIX spiked to 23.34.
The media ignores the fact that Fed rate increases coupled with balance sheet decay has helped make the equities markets more fragile.
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